Summary: H.R.3299 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

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Reported to House without amendment (01/30/2018)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Protecting Consumers' Access to Credit Act of 2017

(Sec. 3) This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.